China simultaneously experiences imported deflation and inflation.
Drop in global demand for exports causes credit to unwind within the manufacturing sector.
Swine flu and depleting foreign reserves causes price pig to increase.
This will be a useful case study to observe the monetary and fiscal policy China implements to deal with simultaneous inflationary and deflationary pressures.
China Factory Deflation Worsens as Pork Drives Consumer Prices https://www.bloomberg.com/news/articles/2019-10-15/china-factory-deflation-worsens-as-pork-drives-consumer-prices